| Index | Storrs | Connecticut | National |
| Cost of living | 116 | 118 | 100 |
| Groceries | 104 | 106 | 100 |
| Health care | 110 | 111 | 100 |
| Housing | 135 | 139 | 100 |
| Transportation | 109 | 107 | 100 |
| Utilities | 106 | 108 | 100 |
| Lifestyle & Entertainment | 106 | 110 | 100 |
| Household Items | 105 | 106 | 100 |
| Education & Childcare | 117 | 116 | 100 |
The cost of living in Storrs affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Storrs is 116, which is 16% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
Housing costs are a major factor in the Storrs cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 34.6% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
Is Storrs affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Storrs, the median home price is 27.8% higher than the national average and monthly rent prices are 50.5% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Storrs boasting a median household income of $37,794, 53.5% lower than the national average.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Storrs, healthcare costs are 10.1% higher than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Storrs, the groceries index is 4.2% higher than the national average.
The cost of living data for Storrs shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $169,382 | $14,115 | $3,952 | $5,082 |
| Renters | $27,888 | $2,324 | $651 | $837 |
| State | General Sales Tax | With Max Surtax |
| Connecticut | 6.35% | 6.35% |
| State | Income Tax (Low) | Income Tax (High) |
| Connecticut | 3% | 6.99% |
| City | Population | Cost of Living Index | National Avg. |
| Willimantic, CT | 19,354 | 101 | 1.0% |
| South Windham, CT | 1,522 | 101 | 1.3% |
| Rockville, CT | 7,323 | 103 | 3.1% |
| Jewett City, CT | 3,487 | 103 | 3.4% |
| Stafford Springs, CT | 4,911 | 104 | 4.0% |
| Storrs, CT | 16,897 | 116 | 15.8% |
| City | Population | Cost of Living Index | National Avg. |
| Mercedes, TX | 16,898 | 83 | 17.2% |
| Washington, IL | 16,894 | 100 | 0.0% |
| Heber, UT | 16,894 | 124 | 24.0% |
| Hillcrest Heights, MD | 16,890 | 113 | 13.3% |
| Menomonie, WI | 16,888 | 95 | 4.7% |
| Storrs, CT | 16,897 | 116 | 15.8% |
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